Williamsburg Area Restaurant Association
- Assets
- $150.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Williamsburg, VA
- Founding
- 11/2001
- Data as of
- 08/2022
- EIN
- 54-1948948
Organization Overview
Williamsburg Area Restaurant Association is located in Williamsburg, VA. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Williamsburg Area Restaurant Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2022, Williamsburg Area Restaurant Association generated $45.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.1%) each year. All expenses for the organization totaled $39.2k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROMOTE LOCAL RESTAURANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debi Schaefer Secretary | 20 | $27,194 | |
Geri Butler Director | 2 | $0 | |
Kevin Early Treasurer | 2 | $0 | |
Michael Claar Director | 2 | $0 | |
Ania Prochowska Director | 2 | $0 | |
Fernando Jimenez Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,412 |
| Other Revenue | $0 |
| Total Revenue | $45,071 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,194 |
| Professional fees and other payments to independent contractors | $1,625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,202 |
| Other expenses | $9,221 |
| Total expenses | $39,242 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $150,661 |
| Other assets | $0 |
| Total assets | $150,661 |
| Total liabilities | $0 |
| Net assets or fund balances | $150,661 |
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